Colgate-Palmolive Downgraded by TD Cowen on Inflation Concerns

TD Cowen downgraded Colgate-Palmolive Company (NYSE: CL) to Hold from Buy and lowered its price target to $85 from $96, with shares declining around 1% in pre-market trading Tuesday. The firm reduced its earnings estimates to reflect increased inflationary pressures expected between the third quarter of 2026 and the second quarter of 2027. These pressures are primarily driven by higher costs for oil-based inputs such as resins, as well as rising tallow prices, which have increased approximately 40% year ove ...